An effort to bail out New York City Off-Track Betting Corp. collapsed April 14, leaving uncertainty over whether the betting giant will have to close its doors the weekend of April 17.
The nation's largest off-track betting corporation will be shut down on the night of April 11 if a deal to provide it with financial help does not come together over the weekend, officials warn.
Charles Hayward, president of the New York Racing Association, sent word to NYRA officials March 26 that a dozen administrative positions at the racing group are being eliminated.
A plan quietly floated to let the New York Racing Association take over management of the internet and phone wagering business at the struggling New York City Off-Track Betting Corp. has been rejected by Gov. David Paterson.
In order to raise awareness for and benefit horse rescue and retirement organizations, Mike Repole and NYRA are donating a total of $30,000 to Old Friends, the Thoroughbred Retirement Foundation, and the Exceller Fund.
New York City Off-Track Betting Corp., facing a possible shutdown, can continue its bankruptcy reorganization case, a federal judge ruled March 22.
The horses for Aqueduct's first race March 21 did not arrive at the security barn by 8:00 a.m., the designated deadline, and as a result the first race has been canceled.
The New York Racing Association, which announced it would cut $4.3 million in stakes purses from last year, has slashed around $1.4 million from its stakes program for the upcoming Belmont and Saratoga meets.
- By Tom Precious
The New York Racing Association, which has long resisted revealing salaries of its top executives, has furnished the information to a top state regulator at a time it is warning of running out of cash later this summer.
The New York Racing Association announced Feb. 15 that Anthony J. Bonomo has been appointed by the New York State Senate to NYRA's board of directors.
Head of state lottery not certain AEG can meet conditions imposed by New York state.
The New York Racing Association's executive vice president and chief operating officer Hal Handel will participate in a live web chat Jan. 29 at 8:00 p.m. EST.
The nation's largest off-track betting corporation, now under federal bankruptcy protection, faces closure in the next 60 days unless the state officials OK its recovery plan.
The recent bankruptcy petition by the New York City Off-Track Betting Corp. should be tossed out of federal court, the New York Racing Association argues in a lengthy legal brief filed Jan. 4 in Manhattan.
Frustrated by the delay in picking an Aqueduct casino operator, New York Gov. David Paterson said he is moving to publicly name his choice in hopes of putting pressure on legislative leaders to make a decision.
The New York Racing Association, which says it will run out of money next year, will not open up its books to let New York's chief fiscal watchdog examine its operations to verify those claims.
Aqueduct will reopen Dec. 26 after the Christmas break with full accreditation from the National Thoroughbred Racing Association Safety and Integrity Alliance in hand.
The federal government has given preliminary recognition to a Long Island Indian tribe, setting in motion development of a possible casino close to the New York Racing Association's two downstate tracks.
Aqueduct's Bed o' Roses and Next Move Handicaps are going on hiatus this spring, the New York Racing Association announced Dec. 4, along with other changes in the track's 2010 stakes schedule.
The New York Racing Association has launched a new community relations blog to underscore its commitment to working with organizations in the areas surrounding Belmont Park, Aqueduct Racetrack, and Saratoga Race Course.
Las Vegas casino executive Steve Wynn has pulled out of the running for the long-stalled Aqueduct casino project, sources said Nov. 4.
New York's top racetracks are off limits to trainer Jeff Mullins for six months in a case his attorney claims is a "witch hunt."
Because of a forecast for heavy rain in the New York area during the latter half of the week and weekend, the New York Racing Association moved the $100,000 Knickerbocker Handicap (gr. IIIT) to Oct. 22.
Due to heavy rain forecast for the New York area during the latter half of the week, The New York Racing Association has moved the scheduled feature race for Oct. 17, the $100,000 Athenia Stakes (gr. IIIT), to Oct. 21.
The Saratoga meet will expand by four days in 2010 and "for the foreseeable future," the New York Racing Association announced Oct. 7.
The New York Racing Association (NYRA) paid tribute to Commentator Sept. 6, at Saratoga Race Course. The 8-year-old chestnut gelding, owned by Tracy Farmer and trained by Hall of Famer Nick Zito, was retired from racing Aug. 9, a day after finishing third in the Whitney Handicap (gr. I). He was attempting to join Discovery and Kelso as the only three-time winners of the race in its 82-year history.
Purse hikes from the incentive program created to increase field size during the 2009 Saratoga Race Course meet totaled $553,990 through Week Five, a 19.5% advance over original purse values, according to The New York Racing Association.
Saratoga Race Course will welcome college students back to their favorite course this fall with the first ever College Day Sept. 4, featuring a host of prizes, giveaways and $1,000 scholarships to be awarded after each race by The New York Racing Association.
Attendance and handle turned down fractionally for the first time during the 2009 Saratoga Race Course meet after two inches of rain Aug. 28 and 29 lowered attendance on Shadwell Travers (gr. I) Day and forced seven of the weekend's 11 carded turf races off the turf. Attendance was down 1.6%, on-track handle down 1.6%, and all-sources handle down 2.8% from 2008 totals through week five.
The New York Racing Association will award 15 pari-mutuel wagering vouchers worth $1,000 each to fans on "Thousand Dollar Thursday", Sept. 3.
Online wagering companies TVG and Betfair have pledged an additional $400,000 to the New York Racing Association to invite Rachel Alexandra and Zenyatta to participate in the Beldame Stakes (gr. I) at Belmont Park Oct. 3.
New York Racing Association-operated Saratoga has been fully accredited by the National Thoroughbred Racing Association Safety and Integrity Alliance, officials announced Aug. 21.
The New York Racing Association invites female racing fans to the fourth annual Women's Day Expo at Saratoga Race Course, which will take place Aug. 19 from 9 a.m. to 3:30 p.m.
Attendance is up 8.4%, on-track handle up 12.3%, and all-sources handle up 4.8% from 2008 totals midway through the 2009 meet at Saratoga Race Course.
The New York City Off-Track Betting Corp., which is now controlled by the state government, is facing insolvency unless it can get its financial affairs in order, state Comptroller Thomas DiNapoli reported Aug. 14 in a long-awaited audit.
Twelve more races qualified under the purse incentive program created to increase field size during week two of the 2009 Saratoga Race Course meet, according to The New York Racing Association. Purse increases from incentives during the meet's second week totaled $74,750, a 16.5% advance over the original purse values.
Jeff Mullins, trainer of 2009 Wood Memorial Stakes (gr. I) winner I Want Revenge, has filed a letter with the New York State Racing and Wagering Board regarding IEAH Stables' alleged failure to meet financial obligations in relation to the training, riding, and care of the colt.
The first five days of the Saratoga meet showed strength from a business and racing standpoint, with gains in on-track attendance and pari-mutuel, and total handle.
On-track and all-sources handle were up significantly over 2008 totals as Saratoga Race Course opened its 141st season July 29.
At the urging of the New York State Racing and Wagering Board, the New York Racing Association July 29 -- opening day of the Saratoga meet--authorized restoration of its televised signal to the in-home distribution network of Nassau Regional Off-Track Betting Corp.
Fasig-Tipton and the New York Racing Association are teaming to award a $100,000 "Juvenile Jackpot" to the first graduate of the 2009 Fasig-Tipton Saratoga select yearling sale that wins a graded stakes during the 2010 Saratoga meeting in New York. Should no juvenile qualify for the prize in 2010, the award will double to $200,000 for Fasig-Tipton yearlings purchased that year that run at Saratoga in 2011.
The New York State Racing and Wagering Board clarified July 28 that horses are banned from being entered in races if they have received hyperbaric oxygen therapy treatment within one week of post time. The therapy is permitted otherwise.
They tapped various talking points -- from higher purses and a beefed-up breeding industry to protecting green space and even family values -- but a group of Thoroughbred representatives have brought a singular message to state officials: Get the Aqueduct video lottery terminal casino off the ground.
The Race Track Industry Program at the University of Arizona is teaming up with the New York Racing Association to offer students the opportunity to learn about the business of track management at the inaugural College Day at Saratoga Race Course.
Jockey Ramon Dominguez set a modern-day record for victories at Belmont Park's spring/summer meet when he guided Michael Dubb and Robert Joscelyn's I've Got Speed to win the fifth race July 24, notching his 93rd winner for the meet.
Saratoga Race Course's 36-day meet will get off to a strong start July 29 with a card highlighted by full fields on both the dirt and turf, 2-year-old races, and two stakes, including the $100,000 Schuylerville (gr. III).
A New York horsemen's group will continue to get additional purse money to fund its operations, including health benefits for backstretch workers at New York Racing Association tracks, under final passage of legislation July 16 by the state Senate.
The end of a nasty legislative coup in New York has put the process back on track for selecting a developer for the long-stalled Aqueduct racetrack casino.
The 29th annual open house at Saratoga, scheduled for Sunday, July 26, will include five races -- four steeplechase races and one turf race -- presented by the National Steeplechase Association.
Ed Seigenfeld will step down as executive vice president of Triple Crown Productions (TCP) at the end of August. He has led the organization since March 1990, overseeing the Chrysler and Visa sponsorships of the Triple Crown and managing the network television negotiations for the series.
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